Executive Auditor

We improve lives

The Inter-American Development Bank Group (IDB Group) is the leading source of financing and knowledge for development in Latin America and the Caribbean. Comprising the Inter-American Development Bank (IDB or Bank), the Inter-American Investment Corporation (IDB Invest), and the Multilateral Investment Fund (IDB Lab or MIF), we align public-sector action, private investment, and entrepreneurial innovation to drive results across sectors. By strengthening economies and societies, we improve lives in the region and contribute to global solutions.

The IDB Group is a community of diverse, versatile, and passionate people who come together on a journey to improve lives in Latin America and the Caribbean. Our people find purpose and do what they love in an inclusive, collaborative, agile, and rewarding environment.

The Office of the Executive Auditor (AUG) fulfills the internal audit function of the IDB Group. The purpose of the internal audit function is to strengthen the ability to create, protect, and sustain value by providing the Board of Executive Directors (Board) and Management with independent, risk-based, and objective assurance, advice, insight, and foresight.

AUG, as the internal audit function, helps enhance:

• The successful achievement of the organization’s objectives
• Governance, risk management, and control processes
• Decision‑making and oversight
• The organization’s reputation and credibility with its stakeholders

AUG operates under the supervision of the Executive Auditor, who has a dual reporting relationship to the President and to the Board of Executive Directors through its Audit Committee. AUG also provides internal audit services to IDB Invest and IDB Lab in accordance with service level agreements authorized by their respective governing authorities.

The Executive Auditor is responsible for:

a) Develop, implement, and periodically review a comprehensive internal audit strategy that supports the organization’s strategic objectives and aligns with the expectations of the Board, senior management, and key stakeholders.

b) Prepare and submit the annual risk‑based internal audit plan, including significant changes, for review and approval by the President and the Board of Executive Directors (via the Audit Committee or the corresponding governing authorities for IDB Invest and IDB Lab), ensuring the plan is developed using a robust risk assessment methodology and provides adequate coverage of the organization’s activities, programs, and systems.

c) Implement the approved internal audit plan, as well as reviewing and adjusting it, as necessary, in response to emerging risks or changes in the IDB’s business, activities, organization, operations, programs, information systems and controls.

d) Communicating periodically on the sufficiency of AUG’s resources and its progress against the approved audit plan.

e) Ensuring that all engagements are professionally implemented by qualified, appropriately assigned, and adequately supervised resources.

f) Communicating balanced results of engagements to appropriate parties, including significant or pervasive deficiencies, successful practices identified, and recommendations for improvement or corrective action plans if warranted.

g) Leading a multicultural and multinational Office comprised of auditors, support staff and contractual employees. The Executive Auditor is responsible for maintaining a professional audit staff and/or access to external specialists with appropriate knowledge, skills, experience, and professional certifications to meet the requirements of the AUG Charter.

h) Maintaining a quality assurance and continuous improvement program that covers all aspects of AUG activities, and ensures that its activities conform with the International Standards for the Professional Practice of Internal Auditing.

i) Communicating periodically with the President and meeting regularly with the Audit Committees of the IDB and IDB Invest, as well as with the Donors Committee of IDB Lab, to provide information that will assist in the proper discharge of their responsibilities.

j) Confirming…